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mylab.pearson.com C Ch + Course Home about:blank Homework about:blank ECN 104 - F2025 - Section 011 Noorman Hothi 11/12/25 10:30 PM Homework: Homework 5 Question Completed: 9 of 60 Part 2 of 2 My score: 7.27/60 pts (12.11%) Save Minimize list Terms of trade is the A. legal document that trading partners sign. Review Question 4 B. time required to produce a good or service that is traded. Question | 0.33/1 pt C. exchange rate of goods for goods. D. benefit received from trade. Concept Question 8.1.1 2 Question | 0.33/1 pt V X Terms of trade are determined_ O A. by sellers. Concept Question 8.1.2 3 V X O B. on the basis of absolute advantage. Question | 0.6/1 pt O C. on the basis of opportunity costs. Concept Question 8.1.3 O D. by buyers. 4 Question | 1/1 pt Concept Question 8.1.4 5 Question | 0/1 pt Concept Question 8.1.5 6 Question | 1/1 pt O Concept Check 8.1.0.1 7 Question | 1/1 pt Concept Check 8.1.1.1 8 Etext pages Grapher Clear all Check